The London-based bank said it is cooperating with a Commodity Futures Trading Commission probe into the use of “non-HSBC approved messaging platforms for business communications.”

An ultracompetitive job market is forcing lenders to boost salaries, requiring many to caution investors that expenses could jump before profits from higher rates are realized.

The complaint seeks unspecified damages over the bank’s mortgage origination and underwriting practices, alleging minority homebuyers were excluded from affordable, low-risk loans.

While Wall Street banks press employees to return to the office this month, its regulators in Washington are largely sticking with a flexible approach to remote work.

Citigroup said it exceeded targets it set to increase the percentage of women and Black executives among its ranks.

Employees at Genesee Co-Op Federal Credit Union in New York and Beneficial State Bank in California formed unions in the past year to bargain for better wages and reform their corporate cultures. Will workers at other community institutions follow their lead?

Adrienne Harris said the New York State Department of Financial Services will concentrate more on issues that have a big impact on people’s pocketbooks. The agency announced a move Monday that will likely save money for consumers who rely on check cashers.

The program is aligned with an initiative Bank of Montreal started in 2019 to double its support for small businesses and female entrepreneurs.

JPMorgan Chase said fully vaccinated staff no longer need to wear masks anywhere in its U.S. buildings, amid an easing up in COVID-19 cases that’s paved the way for Wall Street staff to return to offices.

Wall Street executives are taking another crack at bringing staff back to the office. This time, they're hoping it sticks.

Toronto-Dominion Bank is adding child day care and elder care as eligible expenses for employees’ wellness accounts as lenders battle for talent and try to build workforces with greater diversity.

Earned wage access companies are finding that their product, which allows employees to receive a portion of their salary ahead of the traditional two-week cycle, can aid nurses and other professionals in addressing the work-life imbalance that contributes to the Great Resignation.

Deutsche Bank is seeking to tighten oversight of employees' electronic communication amid a clampdown by U.S. regulators on the widespread use of services such as WhatsApp in the financial industry. 

American Express is encouraging staffers in New York and the U.K. to start returning to the office next month as COVID-19 cases recede globally.

Citigroup created a new team inside its trading division that will focus on working closely with minority depository institutions and diverse broker-dealers and asset managers.

Helena Haynes-Carter will lead the Cleveland bank’s efforts to hire and retain a diverse pool of employees.

The advisors’ success offers lessons for aspiring wealth professionals and brokerages aiming to change a predominantly white and male industry.

Deutsche Bank employees returned to the lender's headquarters in New York on Monday after working from home during the recent surge in COVID cases fueled by the omicron variant.

Bank of America is among Wall Street firms seeking to hold onto employees at risk of being poached as competition for top performers escalates.

Bessant & Erdoes: In conversation